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Financial Planning / Tax Strategies


Subject:  501(C3) Records retention Date:  3/12/2011  10:37 AM
Author:  TwoCybers Number:  112681 of 127753

What types and how long do 501(C3) corporations retain records? I am involved with such an organization. They make a ton of small local purchases - things like $8.51 from a grocery or office supply store. All those register tapes are different sized and often fade to the point of being unreadable in a few months. If we keep a Quicken register of expenditures is that adequate? If it matters the total annual budget is in the range of $100K.

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